JPMorgan Downgrades GE to "Neutral" (GE)

JPMorgan Downgrades GE to “Neutral” (GE)

RSS

JPMorgan reported on Monday that it has reduced its rating on technology company, General Electric Company (GE).

The firm has downgraded GE to “Neutral,” and has given the company a $22 price target. This price target suggests that the stock remain flat at its current price of $21.55.

Analysts view the company as having less visibility and see the stock becoming less of a safety stock.

General Electric shares were down 23 cents, or -1.06% during premarket trading Monday. The stock has increased 12% in the past year.

The Bottom Line
Shares of General Electric Company (GE) have a 3.49% yield, based on Friday’s closing price of $21.75.

General Electric Company (GE) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today